Semiconductor Intellectual Property (IP) Market worth $7.3 billion by 2025 Semiconductor Intellectual Property (IP) Market by share, size, Trend and Forecast Semiconductor Intellectual Property (IP) Market Size Global Forecast to 2025
The Semiconductor Intellectual Property (IP) Market 2021 research study has 167 market data Tables and 54 Figures spread through 232 Pages and in-depth TOC. The global semiconductor IP market is estimated to be USD 5.6 billion in 2020 and projected to reach USD 7.3 billion by 2025; at a CAGR of 5.5%. Key factors fueling the growth of this market include the advancement in multicore technology for the consumer electronics industry, increasing demand for modern SoC (system on chip) designs, mitigation of the continuously rising chip design cost and expenditure, growing adoption of connected devices for daily use, increasing demand for electronics from healthcare industry due to COVID-19, and increasing demand for teleconference instruments amid the COVID-19 pandemic.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=651&utm_source=Freprosonali&utm_medium=sonali&utm_campaign=sonali The processor IP segment of the semiconductor IP market, by design IP is estimated to hold the largest market share in 2025. 5G technology is driving massive increment in speed, bandwidth, and data throughput for automotive and mobile applications by introducing carrier aggregation and increased throughput with advanced modulation via mmWave spectrums. This has added a great deal of complexity for infrastructure, baseband, and application processor technologies. In order to address this complexity, new innovative processor IPs are required. All these factors are expected to contribute to the growth of the processor IP market during the forecast period. The IDM segment of the semiconductor IP market, by functionality, is expected to register a higher CAGR during the forecast period. IDM companies are investing heavily in research and development to develop technologically advanced, energy-efficient, and miniature products such as MEMS sensors, LEDs, memory devices, interposers, and logic devices to be used in various applications, including consumer electronics, automotive, and medical. Such developments are expected to increase their market growth during the forecast period and aid in the growth of the semiconductor IP market. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=651&utm_sourc e=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali